Alexandria Real Estate Equities 8-K, filed Aug 14, 2026

Summary

Alexandria Real Estate Equities priced a public offering of $1 billion in aggregate principal amount of 7.250% Series A fixed-to-fixed reset rate junior subordinated notes due 2057, guaranteed on a subordinated unsecured basis by Alexandria Real Estate Equities, L.P., with closing expected on or about August 21, 2026. The company said it intends to use the net proceeds for general corporate purposes, which may include working capital, reducing balances on its unsecured senior line of credit or commercial paper program, repaying other debt, and selective property development, redevelopment, or acquisition.

Key points

• The notes were priced at 100.000% of principal amount and will initially bear interest at 7.250% per year through, but excluding, February 15, 2032, thereafter at the five-year U.S. Treasury Rate plus 2.889%, reset every five years, subject to a 7.250% floor.
• J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC acted as representatives of the underwriters under an underwriting agreement dated August 12, 2026.
• The notes are being offered under an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission.
• The notes are unsecured junior subordinated obligations of the company, fully and unconditionally guaranteed on a subordinated unsecured basis by Alexandria Real Estate Equities, L.P.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.